JCPenney exits bankruptcy with sale to biggest landlords

about 5 years in NY Post

JCPenney exited bankruptcy just in time for the holiday shopping crunch — in an unusual deal that leaves a downsized department-store chain privately owned by its biggest landlords. The 118-year-old retailer exited Chapter 11 on Monday, bought by Simon Property Group and Brookefield Asset Management, in a previously announced deal that saves the historic retailer...

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